Which of the Following Includes a Formal Hierarchy,division of Labor,and

question 17

Multiple Choice

Which of the following includes a formal hierarchy,division of labor,and a clear set of operating procedures?

• A)organization
• B)bureaucracy
• C)democracy
• D)structure

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Definitions:

State Sales Tax

A tax imposed by a state on sales of goods and services, collected by the seller and passed on to the state government.

Sales Taxes Payable

A liability account that represents the amount of sales tax collected from customers by a business, which is owed to the government.

Adjusting Entry

A journal entry made in the accounting records at the end of an accounting period to allocate income and expenses to the correct periods.

Unearned Revenue

Money received by a company for a service or product that has yet to be delivered or provided.